Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '4196',
			'article_category_id' => '1',
			'title' => 'Second Session of Pulsar Dare-venture',
			'sub_title' => '',
			'summary' => 'August 15: Hansraj Hulaschand, the authorised distributor of Bajaj Motorcycle is organising Pulsar Dare-venture contest, a reality show. It is the second season of the Pulsar dare-venture contest which was initially held in 2014. According to the company, 10 brave contestants will get a chance to be in',
			'content' => '<p style="text-align: justify;">August 15: Hansraj Hulaschand, the authorised distributor of Bajaj Motorcycle is organising Pulsar Dare-venture contest, a reality show. It is the second season of the Pulsar dare-venture contest which was initially held in 2014. According to the company, 10 brave contestants will get a chance to be in &#39;on-off road&#39; adventurous ride which will require contestants to take various training sessions.</p>

<p style="text-align: justify;">As per the company, the winner of the contest will get Rs 1 million cash prize and a Pulsar NS bike. Similarly, the first runner-up will get cash prize of Rs 500,000 and Pulsar NS bike whereas, the second runner-up &nbsp;a Pulsar NS bike as a reward. &nbsp;The company informed that the contestants will also have a chance to win various prizes during the contest on various categories.</p>

<p style="text-align: justify;">The contest is partnered by Clear, NMB bank, Shikhar Insurance, Bikers Nepal, Servo, EAC Media Group and Grande International. The contestants can register their names through NMB bank branches paying Rs 500 for the contest. Among the registered contestants, 10 participants will be chosen through audition, physical fitness test, obstacle test, medical test and attitude test for the competition.</p>

<p style="text-align: justify;">&quot;Pulsar Dare-venture will provide geographical adventures experience to the contestants,&quot; said Shekhar Golchha, Managing Director of HH Bajaj.</p>

<p style="text-align: justify;">The company informed that the contestants can register their names through the website <a href="http://www.pulsardareventure/">www.pulsardareventure</a>, bajajauto.com.np,facebook.com/pulsarnepal. The interested contestants can also register their names in Bajaj showroom for the participation.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-08-15',
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			'sortorder' => '4029',
			'image' => '20160815121538_pulsar.jpg',
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			'id' => '4195',
			'article_category_id' => '1',
			'title' => 'NBA Organises Interaction on Cyber Risk & Security',
			'sub_title' => '',
			'summary' => 'August 15: Nepal Bankers’ Association has organized an interaction seminar on Cyber Risk & Security at Hotel Annapurna, Kathmandu on August 14. Issuing a press statement, t',
			'content' => '<p style="text-align: justify;">August 15: Nepal Bankers&rsquo; Association has organized an interaction seminar on Cyber Risk &amp; Security at Hotel Annapurna, Kathmandu on August 14. Issuing a press statement, the association informed that KMPG in India were the knowledge partner of the program.</p>

<p style="text-align: justify;">Speaking in the program, Governor Nepal mentioned that NRB is aware of the rising cyber crime all around the world and the central bank is ready to offer all the necessary support and assistance to the banks in Nepal to make their system safe and secure.</p>

<p style="text-align: justify;">In the program, Upendra Poudyal, President of Nepal Bankers&rsquo; Association highlighted the importance of the subject matter and thanked KPMG in India for the initiative. Kunal Pande and Atul Gupta, Partner &ndash; KPMG India conducted a session on &lsquo;Cyber Risk: Key Business Risk&rsquo; and &lsquo;Cyber Risk Exposure: Change in Traditional Approach&rsquo; respectively.</p>

<p style="text-align: justify;">The program also conducted a panel discussion covering the areas related to &ldquo;Global Trends and Learning for Multiple Stakeholders in Driving Cyber Agenda&rdquo;.</p>

<p style="text-align: justify;">According to the statement, the program was participated by Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank and General Rajendra Chhetri, Chief of the Army Staff. Similarly, Upendra Kant Aryal Inspector General of Nepal Police, Deputy Inspector General Mr. Shailendra Khanal, Chief of Nepal Police and Armed Police Force were present in the program. Likewise, the program was also participated by concerned officials from various Government agencies, officials from Nepal Rastra Bank, Chief Executive Officers and IT Heads from Commercial &lsquo;A&rsquo; Class Banks of Nepal and other dignitaries.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-08-15',
			'modified' => '2016-08-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4028',
			'image' => '20160815110815_cyber.jpg',
			'article_date' => '2016-08-15 00:00:00',
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		'Article' => array(
			'id' => '4194',
			'article_category_id' => '1',
			'title' => 'HBL Starts Remit Service from Japan',
			'sub_title' => '',
			'summary' => 'August 14: Himalayan Bank Limited (HBL) and N & P 1004 Co. Ltd, Japan (QS Remit) have signed an agreement regarding remittance service to Nepal. Issuing',
			'content' => '<p style="text-align:justify">August 14: Himalayan Bank Limited (HBL) and N &amp; P 1004 Co. Ltd, Japan (QS Remit) have signed an agreement to start remittance service to Nepal. Issuing a press statement, the bank informed of commencing business operation from japan through QS remit on the occasion of Nepal Festival 2016 organized at Tokyo, Japan on 6th and 7th August.</p>

<p style="text-align:justify">&ldquo;The agreement will benefit Nepalese living in Japan and will now have more options than ever for sending funds to back home, to friends and family in Nepal,&rdquo; said Keneshiro Mari,&nbsp; Chairman of QS Remit.</p>

<p style="text-align:justify">&nbsp;According to the statement, remittance sent through QS Remit can be withdrawn from the 42 branches of HBL including more than 7500 agent locations of HimalRemit spread all across Nepal. The arrangement will benefit more than 60,000 Nepalese residing in Japan.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4027',
			'image' => '20160814045729_himal remit.jpg',
			'article_date' => '2016-08-14 00:00:00',
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		'Article' => array(
			'id' => '4193',
			'article_category_id' => '1',
			'title' => '5 Fold Increment in Prabhu Bank's Operating Profit ',
			'sub_title' => '',
			'summary' => 'August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operati',
			'content' => '<p style="text-align:justify">August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operating profit has been attributed by 42 percent reduction in employee expenses and 33 percent increase in operating income. The bank has collected Rs 607.4 million deposit and extended loan of Rs 48.21 billion.</p>

<p style="text-align:justify">The bank had earned Rs 1.01 billion profit during the previous FY. Net profit of the last FY has been increased by 12.73 percent to Rs 1.14 billion. Similarly, net interest income, interest income and interest expense of the bank has increased by 50 percent, 27.57 percent and 27.66 percent respectively. Likewise, fixed assets of the bank have increased by 23.57 percent and other assets have increased by 8.93 percent. The bank has been able to recover Rs 1.05 billion bad debt from the previous FY. The bank has also earned Rs 153.5 million through foreign exchange.</p>

<p style="text-align:justify">Meanwhile, capital adequacy of the bank has increased by 1.52 percent to 12 percent.&nbsp; Similarly, CD ratio has rested at 73.54 percent. According to the fourth quarter financial report of the bank, the bank has liquidity ratio of 31 times, earning per share of Rs 19.52 and P/E ratio of 21 times.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4026',
			'image' => '20160814035013_prabhu.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 4 => array(
		'Article' => array(
			'id' => '4192',
			'article_category_id' => '1',
			'title' => 'RSDC Microfinance to Issue IPO from August 21',
			'sub_title' => '',
			'summary' => 'August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of share',
			'content' => '<p style="text-align: justify;">August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of shares and maximum &nbsp;&nbsp;4,000 units of share. The share has the face value of Rs 100 per share.</p>

<p style="text-align: justify;">The company has appointed NIBL Capital Market as its issue manager. Interested investors can submit applications in RSDC Microfinance, all branches of Nepal Investment Bank, Vibor Capital Market, Prabhu Capital Ltd, Gurkhas Finance and its branches, branches of Guheshwori Merchant Banking and Finance, ICFC Finance Ltd, Nepal Community Bank, Synergy Finance Ltd, Sajha Bikash Bank and its branches and Sewa Bikash Bank along with share registrar.</p>

<p style="text-align: justify;">As per the company&#39;s notice, it has allocated 20,000 units of shares to Mutual Fund Companies, 8000 units for its employees and 372,000 shares to the general public. The paid up capital of the company will reach Rs 100 million after IPO. Meanwhile, the company has been given grade 4 rating by ICRA Nepal.</p>
',
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			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4025',
			'image' => '20160814025512_rsdc.JPG',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '4191',
			'article_category_id' => '1',
			'title' => 'Jyoti and Jhimruk start joint operation',
			'sub_title' => '',
			'summary' => 'August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday. ',
			'content' => '<p>August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday.</p>

<p>Rebati Nepal, Nepal Rastra Bank Director of Bhairahawa Regional office inaugurated the joint operation of the bank. The total paid up capital of the bank after merger is Rs 980.66 million. The bank has become stronger after the joint operation, informs Dhruv Koirala, Chairman of the bank. Chief Executive Office of the bank Krishna Bahadur Kunwar, Chief Executive officer of Jhimruk Bikash Bank, Madan Bahadur KC was present in the program.</p>

<p>Meanwhile, the bank has granted Rs 111,111 to Pyuthan District with an objective of &nbsp;providing support to minimize the flood effects. &nbsp;Dhruv Koirala, Chairman of the bank handed over the amount to Janak Raj Panta, Chief Regional Officer of Pyuthan District.</p>

<p>&nbsp;</p>
',
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			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4024',
			'image' => '20160814022030_jyoti.jpg',
			'article_date' => '2016-08-14 00:00:00',
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		'Article' => array(
			'id' => '4190',
			'article_category_id' => '1',
			'title' => 'NMB to Provide Education Loans ',
			'sub_title' => '',
			'summary' => 'August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO o',
			'content' => '<p style="text-align: justify;">August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO of NMB Bank and Bishnu Prasad Sharma,Chairman of Himalaya College &nbsp;signed the Memorandum of Understanding (MoU) on August 12 on this regard.&nbsp;</p>

<p style="text-align: justify;"><br />
According to the bank, the students having economic problem to study engineering can take the loan facility. Poudel informed that the loan facility is targeted to the students from remote areas, women and under developed regions of the country.&nbsp;<br />
Poudel added that the bank has arranged easy education loan mechanism in reasonable interest rates for the students against the collateral of fixed assets. He said, &quot;The students can receive 80 percent of their college costs under the scheme. The money will be released in installments based on the student&rsquo;s excellence, hard work and credibility.&quot; &quot;The loan will mature in four years and interest will be charged at a rate of 5-8 percent per annum. The student can extend the payback period by making a separate agreement with the bank,&quot; he added.&nbsp;<br />
According to the statement of bank, such type of loan scheme will aid to produce skilled and technical manpower for the nation. NMB bank is &#39;A&#39; graded commercial bank whereas Himalaya College of Engineering is 16 years old educational institute under the education network of KMC affiliated from TU.&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4023',
			'image' => '20160814020349_nmb.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '4189',
			'article_category_id' => '1',
			'title' => 'Prime Bank To Issue 3:1 Right Share From August 29',
			'sub_title' => '',
			'summary' => 'August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29.  The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.',
			'content' => '<p>August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. &nbsp;The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.</p>

<p>According to the bank, the interested existing shareholders can submit the purchase application from its issue manager Civil Capital and all branches of Prime Bank Ltd. &nbsp;After the issuance of right share, the paid up capital of the bank is estimated to reach Rs 4.94 billion.</p>

<p><br />
The bank has signed a memorandum of understanding (MoU) with BiratLaxmi Bikash Bank and Country Development Bank in order to increase its paid-up capital. The bank has predicted its earnings per share to reach Rs 18.67 and net profit to reach Rs 2.35 billion. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4022',
			'image' => '20160814011941_prmie.JPG',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 8 => array(
		'Article' => array(
			'id' => '4188',
			'article_category_id' => '1',
			'title' => 'Shrestha won Honda Hornet it is fast challenge',
			'sub_title' => '',
			'summary' => 'August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an ob',
			'content' => '<p style="text-align: justify;">August 14: Rochak Shrestha won &ldquo;Honda Hornet It Is Fast Challenge&rdquo; organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an objective of promoting &lsquo;Hornet&rsquo; motorbike. The game was organised from June 15 to July 15 in 50 Futsals inside valley.</p>

<p style="text-align: justify;">According to the organiser, the game was participated by 2039 participants out of whom only 250 participants, 5 each from every futsals were selected for quarter final. Shrestha won the final game that concluded last week. Syakar Trading awarded Shrestha with a cash price of Rs 1, 00,000.</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4021',
			'image' => '20160814122130_honda.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 9 => array(
		'Article' => array(
			'id' => '4187',
			'article_category_id' => '1',
			'title' => 'GTC Showroom in Birgunj',
			'sub_title' => '',
			'summary' => 'August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.',
			'content' => '<p style="text-align: justify;">August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.</p>

<p style="text-align: justify;">According to the GTC Overseas owner Ashok Kumar Lath, the new showroom has been opened focusing on the convenience of the local consumers. &ldquo;We will provide quality and attractive products in affordable prices,&rdquo; he claimed.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4020',
			'image' => '20160814121542_showroom.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '4186',
			'article_category_id' => '1',
			'title' => 'SEBON Sets FPO Pricing Standard',
			'sub_title' => '',
			'summary' => '​August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of further public offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON',
			'content' => '<p style="text-align:justify">August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of Further Public Offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON has formed a committee in order to make the FPO pricing more manageable, transparent, fair and uniformity as well as to recommend base and procedure of FPO pricing. &nbsp;Based on a report submitted by the committee, SEBON has issued the directive devising a standard for FPO share pricing.</p>

<p style="text-align:justify">According to the directive, the listed companies must follow four procedures including capitalised earnings, net worth per share, average market price of 180 days and discounted cash flow (present value of cash flow to be received in future) while determining value of shares to be issued through FPO. Moreover, the idle FPO price would be the average of the outcomes calculated through these methods. The directive mentioned that the listed companies must submit application for FPO at SEBON within four months of getting an approval from the general meeting.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4019',
			'image' => '20160814113544_sebon.JPG',
			'article_date' => '2016-08-14 00:00:00',
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		'Article' => array(
			'id' => '4185',
			'article_category_id' => '1',
			'title' => 'New Savings Scheme of NB Bank ',
			'sub_title' => '',
			'summary' => 'August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the',
			'content' => '<p style="text-align:justify">August 12: Nepal Bangladesh Bank has launched a new scheme &lsquo;NB Gaurav Saving Account&rsquo; targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the bank will provide higher interest rate to the higher minimum balance. Additionally, the bank will not charge any fees on issuance of VISA card, mobile banking and online banking.</p>

<p style="text-align:justify">Meanwhile, the bank informed of earning Rs 1.198 billion net profit in the last FY. The bank is providing its services through 37 branches, 7 branchless banking services and 34 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-12',
			'modified' => '2016-08-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4018',
			'image' => '20160812042047_nb.JPG',
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			'article_category_id' => '1',
			'title' => 'Bhattarai's Candidacy in PCCI',
			'sub_title' => '',
			'summary' => 'August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI)',
			'content' => '<p style="text-align: justify;">August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI) through a press conference held on August 11. Bhattarai has become the first women candidate to apply for Presidency in 6 decades of the organisations&rsquo; establishment. The convention of the organization will be held on 15th August and 17th August.</p>
',
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			'created' => '2016-08-12',
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			'sortorder' => '4017',
			'image' => '20160812031135_candidate.jpg',
			'article_date' => '2016-08-12 00:00:00',
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		'Article' => array(
			'id' => '4183',
			'article_category_id' => '1',
			'title' => 'Customs Points to Go Digital',
			'sub_title' => '',
			'summary' => 'August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision w',
			'content' => '<p style="text-align:justify">August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision was made to digitalise the chief customs offices on the very day when Deputy Prime minister Krishna Bahadur Mahara was appointed as the Finance Minister. In the first phase, Mechi Customs Office and Birgunj Dryport will be equipped with the digital system.</p>

<p style="text-align:justify">&nbsp;Organising a seminar on customs management held on Thursday, the Customs Department informed that it will initiate necessary procedures to install digital system in other points across the country within the current fiscal year.&nbsp; &nbsp;</p>

<p style="text-align:justify">The department has plans to place advanced X-ray machines in customs point, installation of modern technology in Tribhuvan International Airport (TIA), implementing strict measures to control smuggling, easing policy and administrative difficulties, enhancing the capacity of staffs of customs offices and strengthening northern border and customs point. The meeting stressed on the problems created due to the traditional customs procedure. As per the demands of the industrialists and entrepreneurs, all the customs point will be working like an international customs point.</p>

<p style="text-align:justify">&quot;Digitalising the customs point can bring transparency and make the procedures easy and efficient,&quot; said Mahara, adding, &quot;The initiative should be taken from all the sectors for economic growth in Nepal.&quot; According to Rajan Khanal who is the Revenue Secretary said that business costs are the basis point of customs improvement. Similarly, Shishir Kumar Dhungana, Director General of the Department mentioned that the department will work on expansion of services based on information technology and start the practice of easy checking and clearance system.</p>

<p style="text-align:justify">Likewise, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) said that the government has to increase inspection to tackle the low billing. &quot;As many obstacles are faced during classification, to prevent the conflicts the government, should do supervision on the matter.&quot; He opined that the people are forced to pay demurrage charge due to untimely checking and clearance.</p>

<p style="text-align:justify">According to the statistics of the department, the Customs Department contributes 45.98 per cent of the total revenue. Among the Value Added Tax (VAT) collected in the country, the share of customs is 61 per cent while 47.9 per cent is raised from excise duties. The department collected Rs 1.94 billion revenue in the FY 2072/73. The collected amount is 94.66 per cent of the target and 10.66 per cent more than FY 2071/72.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2016-08-12',
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			'keywords' => '',
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			'sortorder' => '4016',
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			'article_category_id' => '1',
			'title' => 'Triveni Bikash Bank Celebrates 12th Anniversary',
			'sub_title' => '',
			'summary' => 'August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its he',
			'content' => '<p style="text-align: justify;">August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its head office located in Thapathali on the occasion of its anniversary on August 11. Lank Bahadur K.C, Chairman of the Triveni Bikash Bank inaugurated the blood donation program where 101 participants donated the blood.</p>

<p style="text-align: justify;">As per the bank, it will be organizing different other social activities on Saturday (August 13) on the occasion of its anniversary. The bank will be organizing different program including inter school art competition, distribution of scholarship, distribution of food materials to human service organization and providing financial supports to different social organizations. Earlier, Triveni Bikash Bank had started its joint operation from May 31, 2016 after the merger with Bright Development Bank and Public Development Bank. Presently, the bank is providing its services through 22 branches, 6 limited banking units and 2 extension counters to its customers.&nbsp;</p>
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			'image' => '20160812010018_tribeni.jpg',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '4196',
			'article_category_id' => '1',
			'title' => 'Second Session of Pulsar Dare-venture',
			'sub_title' => '',
			'summary' => 'August 15: Hansraj Hulaschand, the authorised distributor of Bajaj Motorcycle is organising Pulsar Dare-venture contest, a reality show. It is the second season of the Pulsar dare-venture contest which was initially held in 2014. According to the company, 10 brave contestants will get a chance to be in',
			'content' => '<p style="text-align: justify;">August 15: Hansraj Hulaschand, the authorised distributor of Bajaj Motorcycle is organising Pulsar Dare-venture contest, a reality show. It is the second season of the Pulsar dare-venture contest which was initially held in 2014. According to the company, 10 brave contestants will get a chance to be in &#39;on-off road&#39; adventurous ride which will require contestants to take various training sessions.</p>

<p style="text-align: justify;">As per the company, the winner of the contest will get Rs 1 million cash prize and a Pulsar NS bike. Similarly, the first runner-up will get cash prize of Rs 500,000 and Pulsar NS bike whereas, the second runner-up &nbsp;a Pulsar NS bike as a reward. &nbsp;The company informed that the contestants will also have a chance to win various prizes during the contest on various categories.</p>

<p style="text-align: justify;">The contest is partnered by Clear, NMB bank, Shikhar Insurance, Bikers Nepal, Servo, EAC Media Group and Grande International. The contestants can register their names through NMB bank branches paying Rs 500 for the contest. Among the registered contestants, 10 participants will be chosen through audition, physical fitness test, obstacle test, medical test and attitude test for the competition.</p>

<p style="text-align: justify;">&quot;Pulsar Dare-venture will provide geographical adventures experience to the contestants,&quot; said Shekhar Golchha, Managing Director of HH Bajaj.</p>

<p style="text-align: justify;">The company informed that the contestants can register their names through the website <a href="http://www.pulsardareventure/">www.pulsardareventure</a>, bajajauto.com.np,facebook.com/pulsarnepal. The interested contestants can also register their names in Bajaj showroom for the participation.</p>

<p style="text-align: justify;">&nbsp;</p>
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			'id' => '4195',
			'article_category_id' => '1',
			'title' => 'NBA Organises Interaction on Cyber Risk & Security',
			'sub_title' => '',
			'summary' => 'August 15: Nepal Bankers’ Association has organized an interaction seminar on Cyber Risk & Security at Hotel Annapurna, Kathmandu on August 14. Issuing a press statement, t',
			'content' => '<p style="text-align: justify;">August 15: Nepal Bankers&rsquo; Association has organized an interaction seminar on Cyber Risk &amp; Security at Hotel Annapurna, Kathmandu on August 14. Issuing a press statement, the association informed that KMPG in India were the knowledge partner of the program.</p>

<p style="text-align: justify;">Speaking in the program, Governor Nepal mentioned that NRB is aware of the rising cyber crime all around the world and the central bank is ready to offer all the necessary support and assistance to the banks in Nepal to make their system safe and secure.</p>

<p style="text-align: justify;">In the program, Upendra Poudyal, President of Nepal Bankers&rsquo; Association highlighted the importance of the subject matter and thanked KPMG in India for the initiative. Kunal Pande and Atul Gupta, Partner &ndash; KPMG India conducted a session on &lsquo;Cyber Risk: Key Business Risk&rsquo; and &lsquo;Cyber Risk Exposure: Change in Traditional Approach&rsquo; respectively.</p>

<p style="text-align: justify;">The program also conducted a panel discussion covering the areas related to &ldquo;Global Trends and Learning for Multiple Stakeholders in Driving Cyber Agenda&rdquo;.</p>

<p style="text-align: justify;">According to the statement, the program was participated by Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank and General Rajendra Chhetri, Chief of the Army Staff. Similarly, Upendra Kant Aryal Inspector General of Nepal Police, Deputy Inspector General Mr. Shailendra Khanal, Chief of Nepal Police and Armed Police Force were present in the program. Likewise, the program was also participated by concerned officials from various Government agencies, officials from Nepal Rastra Bank, Chief Executive Officers and IT Heads from Commercial &lsquo;A&rsquo; Class Banks of Nepal and other dignitaries.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-08-15',
			'modified' => '2016-08-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4028',
			'image' => '20160815110815_cyber.jpg',
			'article_date' => '2016-08-15 00:00:00',
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		'Article' => array(
			'id' => '4194',
			'article_category_id' => '1',
			'title' => 'HBL Starts Remit Service from Japan',
			'sub_title' => '',
			'summary' => 'August 14: Himalayan Bank Limited (HBL) and N & P 1004 Co. Ltd, Japan (QS Remit) have signed an agreement regarding remittance service to Nepal. Issuing',
			'content' => '<p style="text-align:justify">August 14: Himalayan Bank Limited (HBL) and N &amp; P 1004 Co. Ltd, Japan (QS Remit) have signed an agreement to start remittance service to Nepal. Issuing a press statement, the bank informed of commencing business operation from japan through QS remit on the occasion of Nepal Festival 2016 organized at Tokyo, Japan on 6th and 7th August.</p>

<p style="text-align:justify">&ldquo;The agreement will benefit Nepalese living in Japan and will now have more options than ever for sending funds to back home, to friends and family in Nepal,&rdquo; said Keneshiro Mari,&nbsp; Chairman of QS Remit.</p>

<p style="text-align:justify">&nbsp;According to the statement, remittance sent through QS Remit can be withdrawn from the 42 branches of HBL including more than 7500 agent locations of HimalRemit spread all across Nepal. The arrangement will benefit more than 60,000 Nepalese residing in Japan.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4027',
			'image' => '20160814045729_himal remit.jpg',
			'article_date' => '2016-08-14 00:00:00',
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			'id' => '4193',
			'article_category_id' => '1',
			'title' => '5 Fold Increment in Prabhu Bank's Operating Profit ',
			'sub_title' => '',
			'summary' => 'August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operati',
			'content' => '<p style="text-align:justify">August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operating profit has been attributed by 42 percent reduction in employee expenses and 33 percent increase in operating income. The bank has collected Rs 607.4 million deposit and extended loan of Rs 48.21 billion.</p>

<p style="text-align:justify">The bank had earned Rs 1.01 billion profit during the previous FY. Net profit of the last FY has been increased by 12.73 percent to Rs 1.14 billion. Similarly, net interest income, interest income and interest expense of the bank has increased by 50 percent, 27.57 percent and 27.66 percent respectively. Likewise, fixed assets of the bank have increased by 23.57 percent and other assets have increased by 8.93 percent. The bank has been able to recover Rs 1.05 billion bad debt from the previous FY. The bank has also earned Rs 153.5 million through foreign exchange.</p>

<p style="text-align:justify">Meanwhile, capital adequacy of the bank has increased by 1.52 percent to 12 percent.&nbsp; Similarly, CD ratio has rested at 73.54 percent. According to the fourth quarter financial report of the bank, the bank has liquidity ratio of 31 times, earning per share of Rs 19.52 and P/E ratio of 21 times.&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '4026',
			'image' => '20160814035013_prabhu.jpg',
			'article_date' => '2016-08-14 00:00:00',
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		'Article' => array(
			'id' => '4192',
			'article_category_id' => '1',
			'title' => 'RSDC Microfinance to Issue IPO from August 21',
			'sub_title' => '',
			'summary' => 'August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of share',
			'content' => '<p style="text-align: justify;">August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of shares and maximum &nbsp;&nbsp;4,000 units of share. The share has the face value of Rs 100 per share.</p>

<p style="text-align: justify;">The company has appointed NIBL Capital Market as its issue manager. Interested investors can submit applications in RSDC Microfinance, all branches of Nepal Investment Bank, Vibor Capital Market, Prabhu Capital Ltd, Gurkhas Finance and its branches, branches of Guheshwori Merchant Banking and Finance, ICFC Finance Ltd, Nepal Community Bank, Synergy Finance Ltd, Sajha Bikash Bank and its branches and Sewa Bikash Bank along with share registrar.</p>

<p style="text-align: justify;">As per the company&#39;s notice, it has allocated 20,000 units of shares to Mutual Fund Companies, 8000 units for its employees and 372,000 shares to the general public. The paid up capital of the company will reach Rs 100 million after IPO. Meanwhile, the company has been given grade 4 rating by ICRA Nepal.</p>
',
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			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4025',
			'image' => '20160814025512_rsdc.JPG',
			'article_date' => '2016-08-14 00:00:00',
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		'Article' => array(
			'id' => '4191',
			'article_category_id' => '1',
			'title' => 'Jyoti and Jhimruk start joint operation',
			'sub_title' => '',
			'summary' => 'August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday. ',
			'content' => '<p>August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday.</p>

<p>Rebati Nepal, Nepal Rastra Bank Director of Bhairahawa Regional office inaugurated the joint operation of the bank. The total paid up capital of the bank after merger is Rs 980.66 million. The bank has become stronger after the joint operation, informs Dhruv Koirala, Chairman of the bank. Chief Executive Office of the bank Krishna Bahadur Kunwar, Chief Executive officer of Jhimruk Bikash Bank, Madan Bahadur KC was present in the program.</p>

<p>Meanwhile, the bank has granted Rs 111,111 to Pyuthan District with an objective of &nbsp;providing support to minimize the flood effects. &nbsp;Dhruv Koirala, Chairman of the bank handed over the amount to Janak Raj Panta, Chief Regional Officer of Pyuthan District.</p>

<p>&nbsp;</p>
',
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			'sortorder' => '4024',
			'image' => '20160814022030_jyoti.jpg',
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			'id' => '4190',
			'article_category_id' => '1',
			'title' => 'NMB to Provide Education Loans ',
			'sub_title' => '',
			'summary' => 'August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO o',
			'content' => '<p style="text-align: justify;">August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO of NMB Bank and Bishnu Prasad Sharma,Chairman of Himalaya College &nbsp;signed the Memorandum of Understanding (MoU) on August 12 on this regard.&nbsp;</p>

<p style="text-align: justify;"><br />
According to the bank, the students having economic problem to study engineering can take the loan facility. Poudel informed that the loan facility is targeted to the students from remote areas, women and under developed regions of the country.&nbsp;<br />
Poudel added that the bank has arranged easy education loan mechanism in reasonable interest rates for the students against the collateral of fixed assets. He said, &quot;The students can receive 80 percent of their college costs under the scheme. The money will be released in installments based on the student&rsquo;s excellence, hard work and credibility.&quot; &quot;The loan will mature in four years and interest will be charged at a rate of 5-8 percent per annum. The student can extend the payback period by making a separate agreement with the bank,&quot; he added.&nbsp;<br />
According to the statement of bank, such type of loan scheme will aid to produce skilled and technical manpower for the nation. NMB bank is &#39;A&#39; graded commercial bank whereas Himalaya College of Engineering is 16 years old educational institute under the education network of KMC affiliated from TU.&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
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			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4023',
			'image' => '20160814020349_nmb.jpg',
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			'article_category_id' => '1',
			'title' => 'Prime Bank To Issue 3:1 Right Share From August 29',
			'sub_title' => '',
			'summary' => 'August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29.  The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.',
			'content' => '<p>August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. &nbsp;The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.</p>

<p>According to the bank, the interested existing shareholders can submit the purchase application from its issue manager Civil Capital and all branches of Prime Bank Ltd. &nbsp;After the issuance of right share, the paid up capital of the bank is estimated to reach Rs 4.94 billion.</p>

<p><br />
The bank has signed a memorandum of understanding (MoU) with BiratLaxmi Bikash Bank and Country Development Bank in order to increase its paid-up capital. The bank has predicted its earnings per share to reach Rs 18.67 and net profit to reach Rs 2.35 billion. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4022',
			'image' => '20160814011941_prmie.JPG',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '4188',
			'article_category_id' => '1',
			'title' => 'Shrestha won Honda Hornet it is fast challenge',
			'sub_title' => '',
			'summary' => 'August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an ob',
			'content' => '<p style="text-align: justify;">August 14: Rochak Shrestha won &ldquo;Honda Hornet It Is Fast Challenge&rdquo; organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an objective of promoting &lsquo;Hornet&rsquo; motorbike. The game was organised from June 15 to July 15 in 50 Futsals inside valley.</p>

<p style="text-align: justify;">According to the organiser, the game was participated by 2039 participants out of whom only 250 participants, 5 each from every futsals were selected for quarter final. Shrestha won the final game that concluded last week. Syakar Trading awarded Shrestha with a cash price of Rs 1, 00,000.</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4021',
			'image' => '20160814122130_honda.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '4187',
			'article_category_id' => '1',
			'title' => 'GTC Showroom in Birgunj',
			'sub_title' => '',
			'summary' => 'August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.',
			'content' => '<p style="text-align: justify;">August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.</p>

<p style="text-align: justify;">According to the GTC Overseas owner Ashok Kumar Lath, the new showroom has been opened focusing on the convenience of the local consumers. &ldquo;We will provide quality and attractive products in affordable prices,&rdquo; he claimed.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4020',
			'image' => '20160814121542_showroom.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '4186',
			'article_category_id' => '1',
			'title' => 'SEBON Sets FPO Pricing Standard',
			'sub_title' => '',
			'summary' => '​August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of further public offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON',
			'content' => '<p style="text-align:justify">August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of Further Public Offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON has formed a committee in order to make the FPO pricing more manageable, transparent, fair and uniformity as well as to recommend base and procedure of FPO pricing. &nbsp;Based on a report submitted by the committee, SEBON has issued the directive devising a standard for FPO share pricing.</p>

<p style="text-align:justify">According to the directive, the listed companies must follow four procedures including capitalised earnings, net worth per share, average market price of 180 days and discounted cash flow (present value of cash flow to be received in future) while determining value of shares to be issued through FPO. Moreover, the idle FPO price would be the average of the outcomes calculated through these methods. The directive mentioned that the listed companies must submit application for FPO at SEBON within four months of getting an approval from the general meeting.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4019',
			'image' => '20160814113544_sebon.JPG',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '4185',
			'article_category_id' => '1',
			'title' => 'New Savings Scheme of NB Bank ',
			'sub_title' => '',
			'summary' => 'August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the',
			'content' => '<p style="text-align:justify">August 12: Nepal Bangladesh Bank has launched a new scheme &lsquo;NB Gaurav Saving Account&rsquo; targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the bank will provide higher interest rate to the higher minimum balance. Additionally, the bank will not charge any fees on issuance of VISA card, mobile banking and online banking.</p>

<p style="text-align:justify">Meanwhile, the bank informed of earning Rs 1.198 billion net profit in the last FY. The bank is providing its services through 37 branches, 7 branchless banking services and 34 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-12',
			'modified' => '2016-08-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4018',
			'image' => '20160812042047_nb.JPG',
			'article_date' => '2016-08-12 00:00:00',
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		'Article' => array(
			'id' => '4184',
			'article_category_id' => '1',
			'title' => 'Bhattarai's Candidacy in PCCI',
			'sub_title' => '',
			'summary' => 'August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI)',
			'content' => '<p style="text-align: justify;">August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI) through a press conference held on August 11. Bhattarai has become the first women candidate to apply for Presidency in 6 decades of the organisations&rsquo; establishment. The convention of the organization will be held on 15th August and 17th August.</p>
',
			'published' => true,
			'created' => '2016-08-12',
			'modified' => '2016-08-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4017',
			'image' => '20160812031135_candidate.jpg',
			'article_date' => '2016-08-12 00:00:00',
			'homepage' => false,
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			'in_scroller' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '4183',
			'article_category_id' => '1',
			'title' => 'Customs Points to Go Digital',
			'sub_title' => '',
			'summary' => 'August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision w',
			'content' => '<p style="text-align:justify">August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision was made to digitalise the chief customs offices on the very day when Deputy Prime minister Krishna Bahadur Mahara was appointed as the Finance Minister. In the first phase, Mechi Customs Office and Birgunj Dryport will be equipped with the digital system.</p>

<p style="text-align:justify">&nbsp;Organising a seminar on customs management held on Thursday, the Customs Department informed that it will initiate necessary procedures to install digital system in other points across the country within the current fiscal year.&nbsp; &nbsp;</p>

<p style="text-align:justify">The department has plans to place advanced X-ray machines in customs point, installation of modern technology in Tribhuvan International Airport (TIA), implementing strict measures to control smuggling, easing policy and administrative difficulties, enhancing the capacity of staffs of customs offices and strengthening northern border and customs point. The meeting stressed on the problems created due to the traditional customs procedure. As per the demands of the industrialists and entrepreneurs, all the customs point will be working like an international customs point.</p>

<p style="text-align:justify">&quot;Digitalising the customs point can bring transparency and make the procedures easy and efficient,&quot; said Mahara, adding, &quot;The initiative should be taken from all the sectors for economic growth in Nepal.&quot; According to Rajan Khanal who is the Revenue Secretary said that business costs are the basis point of customs improvement. Similarly, Shishir Kumar Dhungana, Director General of the Department mentioned that the department will work on expansion of services based on information technology and start the practice of easy checking and clearance system.</p>

<p style="text-align:justify">Likewise, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) said that the government has to increase inspection to tackle the low billing. &quot;As many obstacles are faced during classification, to prevent the conflicts the government, should do supervision on the matter.&quot; He opined that the people are forced to pay demurrage charge due to untimely checking and clearance.</p>

<p style="text-align:justify">According to the statistics of the department, the Customs Department contributes 45.98 per cent of the total revenue. Among the Value Added Tax (VAT) collected in the country, the share of customs is 61 per cent while 47.9 per cent is raised from excise duties. The department collected Rs 1.94 billion revenue in the FY 2072/73. The collected amount is 94.66 per cent of the target and 10.66 per cent more than FY 2071/72.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2016-08-12',
			'modified' => '2016-08-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4016',
			'image' => '20160812015340_custom.JPG',
			'article_date' => '2016-08-12 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '4182',
			'article_category_id' => '1',
			'title' => 'Triveni Bikash Bank Celebrates 12th Anniversary',
			'sub_title' => '',
			'summary' => 'August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its he',
			'content' => '<p style="text-align: justify;">August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its head office located in Thapathali on the occasion of its anniversary on August 11. Lank Bahadur K.C, Chairman of the Triveni Bikash Bank inaugurated the blood donation program where 101 participants donated the blood.</p>

<p style="text-align: justify;">As per the bank, it will be organizing different other social activities on Saturday (August 13) on the occasion of its anniversary. The bank will be organizing different program including inter school art competition, distribution of scholarship, distribution of food materials to human service organization and providing financial supports to different social organizations. Earlier, Triveni Bikash Bank had started its joint operation from May 31, 2016 after the merger with Bright Development Bank and Public Development Bank. Presently, the bank is providing its services through 22 branches, 6 limited banking units and 2 extension counters to its customers.&nbsp;</p>
',
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			'sortorder' => '4015',
			'image' => '20160812010018_tribeni.jpg',
			'article_date' => '2016-08-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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)
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '4196',
			'article_category_id' => '1',
			'title' => 'Second Session of Pulsar Dare-venture',
			'sub_title' => '',
			'summary' => 'August 15: Hansraj Hulaschand, the authorised distributor of Bajaj Motorcycle is organising Pulsar Dare-venture contest, a reality show. It is the second season of the Pulsar dare-venture contest which was initially held in 2014. According to the company, 10 brave contestants will get a chance to be in',
			'content' => '<p style="text-align: justify;">August 15: Hansraj Hulaschand, the authorised distributor of Bajaj Motorcycle is organising Pulsar Dare-venture contest, a reality show. It is the second season of the Pulsar dare-venture contest which was initially held in 2014. According to the company, 10 brave contestants will get a chance to be in &#39;on-off road&#39; adventurous ride which will require contestants to take various training sessions.</p>

<p style="text-align: justify;">As per the company, the winner of the contest will get Rs 1 million cash prize and a Pulsar NS bike. Similarly, the first runner-up will get cash prize of Rs 500,000 and Pulsar NS bike whereas, the second runner-up &nbsp;a Pulsar NS bike as a reward. &nbsp;The company informed that the contestants will also have a chance to win various prizes during the contest on various categories.</p>

<p style="text-align: justify;">The contest is partnered by Clear, NMB bank, Shikhar Insurance, Bikers Nepal, Servo, EAC Media Group and Grande International. The contestants can register their names through NMB bank branches paying Rs 500 for the contest. Among the registered contestants, 10 participants will be chosen through audition, physical fitness test, obstacle test, medical test and attitude test for the competition.</p>

<p style="text-align: justify;">&quot;Pulsar Dare-venture will provide geographical adventures experience to the contestants,&quot; said Shekhar Golchha, Managing Director of HH Bajaj.</p>

<p style="text-align: justify;">The company informed that the contestants can register their names through the website <a href="http://www.pulsardareventure/">www.pulsardareventure</a>, bajajauto.com.np,facebook.com/pulsarnepal. The interested contestants can also register their names in Bajaj showroom for the participation.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'keywords' => '',
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		'Article' => array(
			'id' => '4195',
			'article_category_id' => '1',
			'title' => 'NBA Organises Interaction on Cyber Risk & Security',
			'sub_title' => '',
			'summary' => 'August 15: Nepal Bankers’ Association has organized an interaction seminar on Cyber Risk & Security at Hotel Annapurna, Kathmandu on August 14. Issuing a press statement, t',
			'content' => '<p style="text-align: justify;">August 15: Nepal Bankers&rsquo; Association has organized an interaction seminar on Cyber Risk &amp; Security at Hotel Annapurna, Kathmandu on August 14. Issuing a press statement, the association informed that KMPG in India were the knowledge partner of the program.</p>

<p style="text-align: justify;">Speaking in the program, Governor Nepal mentioned that NRB is aware of the rising cyber crime all around the world and the central bank is ready to offer all the necessary support and assistance to the banks in Nepal to make their system safe and secure.</p>

<p style="text-align: justify;">In the program, Upendra Poudyal, President of Nepal Bankers&rsquo; Association highlighted the importance of the subject matter and thanked KPMG in India for the initiative. Kunal Pande and Atul Gupta, Partner &ndash; KPMG India conducted a session on &lsquo;Cyber Risk: Key Business Risk&rsquo; and &lsquo;Cyber Risk Exposure: Change in Traditional Approach&rsquo; respectively.</p>

<p style="text-align: justify;">The program also conducted a panel discussion covering the areas related to &ldquo;Global Trends and Learning for Multiple Stakeholders in Driving Cyber Agenda&rdquo;.</p>

<p style="text-align: justify;">According to the statement, the program was participated by Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank and General Rajendra Chhetri, Chief of the Army Staff. Similarly, Upendra Kant Aryal Inspector General of Nepal Police, Deputy Inspector General Mr. Shailendra Khanal, Chief of Nepal Police and Armed Police Force were present in the program. Likewise, the program was also participated by concerned officials from various Government agencies, officials from Nepal Rastra Bank, Chief Executive Officers and IT Heads from Commercial &lsquo;A&rsquo; Class Banks of Nepal and other dignitaries.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-08-15',
			'modified' => '2016-08-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4028',
			'image' => '20160815110815_cyber.jpg',
			'article_date' => '2016-08-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 2 => array(
		'Article' => array(
			'id' => '4194',
			'article_category_id' => '1',
			'title' => 'HBL Starts Remit Service from Japan',
			'sub_title' => '',
			'summary' => 'August 14: Himalayan Bank Limited (HBL) and N & P 1004 Co. Ltd, Japan (QS Remit) have signed an agreement regarding remittance service to Nepal. Issuing',
			'content' => '<p style="text-align:justify">August 14: Himalayan Bank Limited (HBL) and N &amp; P 1004 Co. Ltd, Japan (QS Remit) have signed an agreement to start remittance service to Nepal. Issuing a press statement, the bank informed of commencing business operation from japan through QS remit on the occasion of Nepal Festival 2016 organized at Tokyo, Japan on 6th and 7th August.</p>

<p style="text-align:justify">&ldquo;The agreement will benefit Nepalese living in Japan and will now have more options than ever for sending funds to back home, to friends and family in Nepal,&rdquo; said Keneshiro Mari,&nbsp; Chairman of QS Remit.</p>

<p style="text-align:justify">&nbsp;According to the statement, remittance sent through QS Remit can be withdrawn from the 42 branches of HBL including more than 7500 agent locations of HimalRemit spread all across Nepal. The arrangement will benefit more than 60,000 Nepalese residing in Japan.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4027',
			'image' => '20160814045729_himal remit.jpg',
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			'id' => '4193',
			'article_category_id' => '1',
			'title' => '5 Fold Increment in Prabhu Bank's Operating Profit ',
			'sub_title' => '',
			'summary' => 'August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operati',
			'content' => '<p style="text-align:justify">August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operating profit has been attributed by 42 percent reduction in employee expenses and 33 percent increase in operating income. The bank has collected Rs 607.4 million deposit and extended loan of Rs 48.21 billion.</p>

<p style="text-align:justify">The bank had earned Rs 1.01 billion profit during the previous FY. Net profit of the last FY has been increased by 12.73 percent to Rs 1.14 billion. Similarly, net interest income, interest income and interest expense of the bank has increased by 50 percent, 27.57 percent and 27.66 percent respectively. Likewise, fixed assets of the bank have increased by 23.57 percent and other assets have increased by 8.93 percent. The bank has been able to recover Rs 1.05 billion bad debt from the previous FY. The bank has also earned Rs 153.5 million through foreign exchange.</p>

<p style="text-align:justify">Meanwhile, capital adequacy of the bank has increased by 1.52 percent to 12 percent.&nbsp; Similarly, CD ratio has rested at 73.54 percent. According to the fourth quarter financial report of the bank, the bank has liquidity ratio of 31 times, earning per share of Rs 19.52 and P/E ratio of 21 times.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4026',
			'image' => '20160814035013_prabhu.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '4192',
			'article_category_id' => '1',
			'title' => 'RSDC Microfinance to Issue IPO from August 21',
			'sub_title' => '',
			'summary' => 'August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of share',
			'content' => '<p style="text-align: justify;">August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of shares and maximum &nbsp;&nbsp;4,000 units of share. The share has the face value of Rs 100 per share.</p>

<p style="text-align: justify;">The company has appointed NIBL Capital Market as its issue manager. Interested investors can submit applications in RSDC Microfinance, all branches of Nepal Investment Bank, Vibor Capital Market, Prabhu Capital Ltd, Gurkhas Finance and its branches, branches of Guheshwori Merchant Banking and Finance, ICFC Finance Ltd, Nepal Community Bank, Synergy Finance Ltd, Sajha Bikash Bank and its branches and Sewa Bikash Bank along with share registrar.</p>

<p style="text-align: justify;">As per the company&#39;s notice, it has allocated 20,000 units of shares to Mutual Fund Companies, 8000 units for its employees and 372,000 shares to the general public. The paid up capital of the company will reach Rs 100 million after IPO. Meanwhile, the company has been given grade 4 rating by ICRA Nepal.</p>
',
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			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4025',
			'image' => '20160814025512_rsdc.JPG',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '4191',
			'article_category_id' => '1',
			'title' => 'Jyoti and Jhimruk start joint operation',
			'sub_title' => '',
			'summary' => 'August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday. ',
			'content' => '<p>August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday.</p>

<p>Rebati Nepal, Nepal Rastra Bank Director of Bhairahawa Regional office inaugurated the joint operation of the bank. The total paid up capital of the bank after merger is Rs 980.66 million. The bank has become stronger after the joint operation, informs Dhruv Koirala, Chairman of the bank. Chief Executive Office of the bank Krishna Bahadur Kunwar, Chief Executive officer of Jhimruk Bikash Bank, Madan Bahadur KC was present in the program.</p>

<p>Meanwhile, the bank has granted Rs 111,111 to Pyuthan District with an objective of &nbsp;providing support to minimize the flood effects. &nbsp;Dhruv Koirala, Chairman of the bank handed over the amount to Janak Raj Panta, Chief Regional Officer of Pyuthan District.</p>

<p>&nbsp;</p>
',
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			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4024',
			'image' => '20160814022030_jyoti.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '4190',
			'article_category_id' => '1',
			'title' => 'NMB to Provide Education Loans ',
			'sub_title' => '',
			'summary' => 'August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO o',
			'content' => '<p style="text-align: justify;">August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO of NMB Bank and Bishnu Prasad Sharma,Chairman of Himalaya College &nbsp;signed the Memorandum of Understanding (MoU) on August 12 on this regard.&nbsp;</p>

<p style="text-align: justify;"><br />
According to the bank, the students having economic problem to study engineering can take the loan facility. Poudel informed that the loan facility is targeted to the students from remote areas, women and under developed regions of the country.&nbsp;<br />
Poudel added that the bank has arranged easy education loan mechanism in reasonable interest rates for the students against the collateral of fixed assets. He said, &quot;The students can receive 80 percent of their college costs under the scheme. The money will be released in installments based on the student&rsquo;s excellence, hard work and credibility.&quot; &quot;The loan will mature in four years and interest will be charged at a rate of 5-8 percent per annum. The student can extend the payback period by making a separate agreement with the bank,&quot; he added.&nbsp;<br />
According to the statement of bank, such type of loan scheme will aid to produce skilled and technical manpower for the nation. NMB bank is &#39;A&#39; graded commercial bank whereas Himalaya College of Engineering is 16 years old educational institute under the education network of KMC affiliated from TU.&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4023',
			'image' => '20160814020349_nmb.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '4189',
			'article_category_id' => '1',
			'title' => 'Prime Bank To Issue 3:1 Right Share From August 29',
			'sub_title' => '',
			'summary' => 'August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29.  The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.',
			'content' => '<p>August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. &nbsp;The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.</p>

<p>According to the bank, the interested existing shareholders can submit the purchase application from its issue manager Civil Capital and all branches of Prime Bank Ltd. &nbsp;After the issuance of right share, the paid up capital of the bank is estimated to reach Rs 4.94 billion.</p>

<p><br />
The bank has signed a memorandum of understanding (MoU) with BiratLaxmi Bikash Bank and Country Development Bank in order to increase its paid-up capital. The bank has predicted its earnings per share to reach Rs 18.67 and net profit to reach Rs 2.35 billion. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4022',
			'image' => '20160814011941_prmie.JPG',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '4188',
			'article_category_id' => '1',
			'title' => 'Shrestha won Honda Hornet it is fast challenge',
			'sub_title' => '',
			'summary' => 'August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an ob',
			'content' => '<p style="text-align: justify;">August 14: Rochak Shrestha won &ldquo;Honda Hornet It Is Fast Challenge&rdquo; organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an objective of promoting &lsquo;Hornet&rsquo; motorbike. The game was organised from June 15 to July 15 in 50 Futsals inside valley.</p>

<p style="text-align: justify;">According to the organiser, the game was participated by 2039 participants out of whom only 250 participants, 5 each from every futsals were selected for quarter final. Shrestha won the final game that concluded last week. Syakar Trading awarded Shrestha with a cash price of Rs 1, 00,000.</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4021',
			'image' => '20160814122130_honda.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '4187',
			'article_category_id' => '1',
			'title' => 'GTC Showroom in Birgunj',
			'sub_title' => '',
			'summary' => 'August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.',
			'content' => '<p style="text-align: justify;">August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.</p>

<p style="text-align: justify;">According to the GTC Overseas owner Ashok Kumar Lath, the new showroom has been opened focusing on the convenience of the local consumers. &ldquo;We will provide quality and attractive products in affordable prices,&rdquo; he claimed.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4020',
			'image' => '20160814121542_showroom.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '4186',
			'article_category_id' => '1',
			'title' => 'SEBON Sets FPO Pricing Standard',
			'sub_title' => '',
			'summary' => '​August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of further public offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON',
			'content' => '<p style="text-align:justify">August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of Further Public Offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON has formed a committee in order to make the FPO pricing more manageable, transparent, fair and uniformity as well as to recommend base and procedure of FPO pricing. &nbsp;Based on a report submitted by the committee, SEBON has issued the directive devising a standard for FPO share pricing.</p>

<p style="text-align:justify">According to the directive, the listed companies must follow four procedures including capitalised earnings, net worth per share, average market price of 180 days and discounted cash flow (present value of cash flow to be received in future) while determining value of shares to be issued through FPO. Moreover, the idle FPO price would be the average of the outcomes calculated through these methods. The directive mentioned that the listed companies must submit application for FPO at SEBON within four months of getting an approval from the general meeting.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4019',
			'image' => '20160814113544_sebon.JPG',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '4185',
			'article_category_id' => '1',
			'title' => 'New Savings Scheme of NB Bank ',
			'sub_title' => '',
			'summary' => 'August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the',
			'content' => '<p style="text-align:justify">August 12: Nepal Bangladesh Bank has launched a new scheme &lsquo;NB Gaurav Saving Account&rsquo; targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the bank will provide higher interest rate to the higher minimum balance. Additionally, the bank will not charge any fees on issuance of VISA card, mobile banking and online banking.</p>

<p style="text-align:justify">Meanwhile, the bank informed of earning Rs 1.198 billion net profit in the last FY. The bank is providing its services through 37 branches, 7 branchless banking services and 34 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-12',
			'modified' => '2016-08-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4018',
			'image' => '20160812042047_nb.JPG',
			'article_date' => '2016-08-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '4184',
			'article_category_id' => '1',
			'title' => 'Bhattarai's Candidacy in PCCI',
			'sub_title' => '',
			'summary' => 'August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI)',
			'content' => '<p style="text-align: justify;">August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI) through a press conference held on August 11. Bhattarai has become the first women candidate to apply for Presidency in 6 decades of the organisations&rsquo; establishment. The convention of the organization will be held on 15th August and 17th August.</p>
',
			'published' => true,
			'created' => '2016-08-12',
			'modified' => '2016-08-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4017',
			'image' => '20160812031135_candidate.jpg',
			'article_date' => '2016-08-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '4183',
			'article_category_id' => '1',
			'title' => 'Customs Points to Go Digital',
			'sub_title' => '',
			'summary' => 'August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision w',
			'content' => '<p style="text-align:justify">August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision was made to digitalise the chief customs offices on the very day when Deputy Prime minister Krishna Bahadur Mahara was appointed as the Finance Minister. In the first phase, Mechi Customs Office and Birgunj Dryport will be equipped with the digital system.</p>

<p style="text-align:justify">&nbsp;Organising a seminar on customs management held on Thursday, the Customs Department informed that it will initiate necessary procedures to install digital system in other points across the country within the current fiscal year.&nbsp; &nbsp;</p>

<p style="text-align:justify">The department has plans to place advanced X-ray machines in customs point, installation of modern technology in Tribhuvan International Airport (TIA), implementing strict measures to control smuggling, easing policy and administrative difficulties, enhancing the capacity of staffs of customs offices and strengthening northern border and customs point. The meeting stressed on the problems created due to the traditional customs procedure. As per the demands of the industrialists and entrepreneurs, all the customs point will be working like an international customs point.</p>

<p style="text-align:justify">&quot;Digitalising the customs point can bring transparency and make the procedures easy and efficient,&quot; said Mahara, adding, &quot;The initiative should be taken from all the sectors for economic growth in Nepal.&quot; According to Rajan Khanal who is the Revenue Secretary said that business costs are the basis point of customs improvement. Similarly, Shishir Kumar Dhungana, Director General of the Department mentioned that the department will work on expansion of services based on information technology and start the practice of easy checking and clearance system.</p>

<p style="text-align:justify">Likewise, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) said that the government has to increase inspection to tackle the low billing. &quot;As many obstacles are faced during classification, to prevent the conflicts the government, should do supervision on the matter.&quot; He opined that the people are forced to pay demurrage charge due to untimely checking and clearance.</p>

<p style="text-align:justify">According to the statistics of the department, the Customs Department contributes 45.98 per cent of the total revenue. Among the Value Added Tax (VAT) collected in the country, the share of customs is 61 per cent while 47.9 per cent is raised from excise duties. The department collected Rs 1.94 billion revenue in the FY 2072/73. The collected amount is 94.66 per cent of the target and 10.66 per cent more than FY 2071/72.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-12',
			'modified' => '2016-08-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4016',
			'image' => '20160812015340_custom.JPG',
			'article_date' => '2016-08-12 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '4182',
			'article_category_id' => '1',
			'title' => 'Triveni Bikash Bank Celebrates 12th Anniversary',
			'sub_title' => '',
			'summary' => 'August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its he',
			'content' => '<p style="text-align: justify;">August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its head office located in Thapathali on the occasion of its anniversary on August 11. Lank Bahadur K.C, Chairman of the Triveni Bikash Bank inaugurated the blood donation program where 101 participants donated the blood.</p>

<p style="text-align: justify;">As per the bank, it will be organizing different other social activities on Saturday (August 13) on the occasion of its anniversary. The bank will be organizing different program including inter school art competition, distribution of scholarship, distribution of food materials to human service organization and providing financial supports to different social organizations. Earlier, Triveni Bikash Bank had started its joint operation from May 31, 2016 after the merger with Bright Development Bank and Public Development Bank. Presently, the bank is providing its services through 22 branches, 6 limited banking units and 2 extension counters to its customers.&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '4015',
			'image' => '20160812010018_tribeni.jpg',
			'article_date' => '2016-08-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
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)
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '4196',
			'article_category_id' => '1',
			'title' => 'Second Session of Pulsar Dare-venture',
			'sub_title' => '',
			'summary' => 'August 15: Hansraj Hulaschand, the authorised distributor of Bajaj Motorcycle is organising Pulsar Dare-venture contest, a reality show. It is the second season of the Pulsar dare-venture contest which was initially held in 2014. According to the company, 10 brave contestants will get a chance to be in',
			'content' => '<p style="text-align: justify;">August 15: Hansraj Hulaschand, the authorised distributor of Bajaj Motorcycle is organising Pulsar Dare-venture contest, a reality show. It is the second season of the Pulsar dare-venture contest which was initially held in 2014. According to the company, 10 brave contestants will get a chance to be in &#39;on-off road&#39; adventurous ride which will require contestants to take various training sessions.</p>

<p style="text-align: justify;">As per the company, the winner of the contest will get Rs 1 million cash prize and a Pulsar NS bike. Similarly, the first runner-up will get cash prize of Rs 500,000 and Pulsar NS bike whereas, the second runner-up &nbsp;a Pulsar NS bike as a reward. &nbsp;The company informed that the contestants will also have a chance to win various prizes during the contest on various categories.</p>

<p style="text-align: justify;">The contest is partnered by Clear, NMB bank, Shikhar Insurance, Bikers Nepal, Servo, EAC Media Group and Grande International. The contestants can register their names through NMB bank branches paying Rs 500 for the contest. Among the registered contestants, 10 participants will be chosen through audition, physical fitness test, obstacle test, medical test and attitude test for the competition.</p>

<p style="text-align: justify;">&quot;Pulsar Dare-venture will provide geographical adventures experience to the contestants,&quot; said Shekhar Golchha, Managing Director of HH Bajaj.</p>

<p style="text-align: justify;">The company informed that the contestants can register their names through the website <a href="http://www.pulsardareventure/">www.pulsardareventure</a>, bajajauto.com.np,facebook.com/pulsarnepal. The interested contestants can also register their names in Bajaj showroom for the participation.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-15',
			'modified' => '2016-08-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4029',
			'image' => '20160815121538_pulsar.jpg',
			'article_date' => '2016-08-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
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	(int) 1 => array(
		'Article' => array(
			'id' => '4195',
			'article_category_id' => '1',
			'title' => 'NBA Organises Interaction on Cyber Risk & Security',
			'sub_title' => '',
			'summary' => 'August 15: Nepal Bankers’ Association has organized an interaction seminar on Cyber Risk & Security at Hotel Annapurna, Kathmandu on August 14. Issuing a press statement, t',
			'content' => '<p style="text-align: justify;">August 15: Nepal Bankers&rsquo; Association has organized an interaction seminar on Cyber Risk &amp; Security at Hotel Annapurna, Kathmandu on August 14. Issuing a press statement, the association informed that KMPG in India were the knowledge partner of the program.</p>

<p style="text-align: justify;">Speaking in the program, Governor Nepal mentioned that NRB is aware of the rising cyber crime all around the world and the central bank is ready to offer all the necessary support and assistance to the banks in Nepal to make their system safe and secure.</p>

<p style="text-align: justify;">In the program, Upendra Poudyal, President of Nepal Bankers&rsquo; Association highlighted the importance of the subject matter and thanked KPMG in India for the initiative. Kunal Pande and Atul Gupta, Partner &ndash; KPMG India conducted a session on &lsquo;Cyber Risk: Key Business Risk&rsquo; and &lsquo;Cyber Risk Exposure: Change in Traditional Approach&rsquo; respectively.</p>

<p style="text-align: justify;">The program also conducted a panel discussion covering the areas related to &ldquo;Global Trends and Learning for Multiple Stakeholders in Driving Cyber Agenda&rdquo;.</p>

<p style="text-align: justify;">According to the statement, the program was participated by Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank and General Rajendra Chhetri, Chief of the Army Staff. Similarly, Upendra Kant Aryal Inspector General of Nepal Police, Deputy Inspector General Mr. Shailendra Khanal, Chief of Nepal Police and Armed Police Force were present in the program. Likewise, the program was also participated by concerned officials from various Government agencies, officials from Nepal Rastra Bank, Chief Executive Officers and IT Heads from Commercial &lsquo;A&rsquo; Class Banks of Nepal and other dignitaries.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-15',
			'modified' => '2016-08-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4028',
			'image' => '20160815110815_cyber.jpg',
			'article_date' => '2016-08-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '4194',
			'article_category_id' => '1',
			'title' => 'HBL Starts Remit Service from Japan',
			'sub_title' => '',
			'summary' => 'August 14: Himalayan Bank Limited (HBL) and N & P 1004 Co. Ltd, Japan (QS Remit) have signed an agreement regarding remittance service to Nepal. Issuing',
			'content' => '<p style="text-align:justify">August 14: Himalayan Bank Limited (HBL) and N &amp; P 1004 Co. Ltd, Japan (QS Remit) have signed an agreement to start remittance service to Nepal. Issuing a press statement, the bank informed of commencing business operation from japan through QS remit on the occasion of Nepal Festival 2016 organized at Tokyo, Japan on 6th and 7th August.</p>

<p style="text-align:justify">&ldquo;The agreement will benefit Nepalese living in Japan and will now have more options than ever for sending funds to back home, to friends and family in Nepal,&rdquo; said Keneshiro Mari,&nbsp; Chairman of QS Remit.</p>

<p style="text-align:justify">&nbsp;According to the statement, remittance sent through QS Remit can be withdrawn from the 42 branches of HBL including more than 7500 agent locations of HimalRemit spread all across Nepal. The arrangement will benefit more than 60,000 Nepalese residing in Japan.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4027',
			'image' => '20160814045729_himal remit.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '4193',
			'article_category_id' => '1',
			'title' => '5 Fold Increment in Prabhu Bank's Operating Profit ',
			'sub_title' => '',
			'summary' => 'August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operati',
			'content' => '<p style="text-align:justify">August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operating profit has been attributed by 42 percent reduction in employee expenses and 33 percent increase in operating income. The bank has collected Rs 607.4 million deposit and extended loan of Rs 48.21 billion.</p>

<p style="text-align:justify">The bank had earned Rs 1.01 billion profit during the previous FY. Net profit of the last FY has been increased by 12.73 percent to Rs 1.14 billion. Similarly, net interest income, interest income and interest expense of the bank has increased by 50 percent, 27.57 percent and 27.66 percent respectively. Likewise, fixed assets of the bank have increased by 23.57 percent and other assets have increased by 8.93 percent. The bank has been able to recover Rs 1.05 billion bad debt from the previous FY. The bank has also earned Rs 153.5 million through foreign exchange.</p>

<p style="text-align:justify">Meanwhile, capital adequacy of the bank has increased by 1.52 percent to 12 percent.&nbsp; Similarly, CD ratio has rested at 73.54 percent. According to the fourth quarter financial report of the bank, the bank has liquidity ratio of 31 times, earning per share of Rs 19.52 and P/E ratio of 21 times.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4026',
			'image' => '20160814035013_prabhu.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '4192',
			'article_category_id' => '1',
			'title' => 'RSDC Microfinance to Issue IPO from August 21',
			'sub_title' => '',
			'summary' => 'August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of share',
			'content' => '<p style="text-align: justify;">August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of shares and maximum &nbsp;&nbsp;4,000 units of share. The share has the face value of Rs 100 per share.</p>

<p style="text-align: justify;">The company has appointed NIBL Capital Market as its issue manager. Interested investors can submit applications in RSDC Microfinance, all branches of Nepal Investment Bank, Vibor Capital Market, Prabhu Capital Ltd, Gurkhas Finance and its branches, branches of Guheshwori Merchant Banking and Finance, ICFC Finance Ltd, Nepal Community Bank, Synergy Finance Ltd, Sajha Bikash Bank and its branches and Sewa Bikash Bank along with share registrar.</p>

<p style="text-align: justify;">As per the company&#39;s notice, it has allocated 20,000 units of shares to Mutual Fund Companies, 8000 units for its employees and 372,000 shares to the general public. The paid up capital of the company will reach Rs 100 million after IPO. Meanwhile, the company has been given grade 4 rating by ICRA Nepal.</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4025',
			'image' => '20160814025512_rsdc.JPG',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '4191',
			'article_category_id' => '1',
			'title' => 'Jyoti and Jhimruk start joint operation',
			'sub_title' => '',
			'summary' => 'August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday. ',
			'content' => '<p>August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday.</p>

<p>Rebati Nepal, Nepal Rastra Bank Director of Bhairahawa Regional office inaugurated the joint operation of the bank. The total paid up capital of the bank after merger is Rs 980.66 million. The bank has become stronger after the joint operation, informs Dhruv Koirala, Chairman of the bank. Chief Executive Office of the bank Krishna Bahadur Kunwar, Chief Executive officer of Jhimruk Bikash Bank, Madan Bahadur KC was present in the program.</p>

<p>Meanwhile, the bank has granted Rs 111,111 to Pyuthan District with an objective of &nbsp;providing support to minimize the flood effects. &nbsp;Dhruv Koirala, Chairman of the bank handed over the amount to Janak Raj Panta, Chief Regional Officer of Pyuthan District.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4024',
			'image' => '20160814022030_jyoti.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '4190',
			'article_category_id' => '1',
			'title' => 'NMB to Provide Education Loans ',
			'sub_title' => '',
			'summary' => 'August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO o',
			'content' => '<p style="text-align: justify;">August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO of NMB Bank and Bishnu Prasad Sharma,Chairman of Himalaya College &nbsp;signed the Memorandum of Understanding (MoU) on August 12 on this regard.&nbsp;</p>

<p style="text-align: justify;"><br />
According to the bank, the students having economic problem to study engineering can take the loan facility. Poudel informed that the loan facility is targeted to the students from remote areas, women and under developed regions of the country.&nbsp;<br />
Poudel added that the bank has arranged easy education loan mechanism in reasonable interest rates for the students against the collateral of fixed assets. He said, &quot;The students can receive 80 percent of their college costs under the scheme. The money will be released in installments based on the student&rsquo;s excellence, hard work and credibility.&quot; &quot;The loan will mature in four years and interest will be charged at a rate of 5-8 percent per annum. The student can extend the payback period by making a separate agreement with the bank,&quot; he added.&nbsp;<br />
According to the statement of bank, such type of loan scheme will aid to produce skilled and technical manpower for the nation. NMB bank is &#39;A&#39; graded commercial bank whereas Himalaya College of Engineering is 16 years old educational institute under the education network of KMC affiliated from TU.&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4023',
			'image' => '20160814020349_nmb.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '4189',
			'article_category_id' => '1',
			'title' => 'Prime Bank To Issue 3:1 Right Share From August 29',
			'sub_title' => '',
			'summary' => 'August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29.  The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.',
			'content' => '<p>August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. &nbsp;The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.</p>

<p>According to the bank, the interested existing shareholders can submit the purchase application from its issue manager Civil Capital and all branches of Prime Bank Ltd. &nbsp;After the issuance of right share, the paid up capital of the bank is estimated to reach Rs 4.94 billion.</p>

<p><br />
The bank has signed a memorandum of understanding (MoU) with BiratLaxmi Bikash Bank and Country Development Bank in order to increase its paid-up capital. The bank has predicted its earnings per share to reach Rs 18.67 and net profit to reach Rs 2.35 billion. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4022',
			'image' => '20160814011941_prmie.JPG',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '4188',
			'article_category_id' => '1',
			'title' => 'Shrestha won Honda Hornet it is fast challenge',
			'sub_title' => '',
			'summary' => 'August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an ob',
			'content' => '<p style="text-align: justify;">August 14: Rochak Shrestha won &ldquo;Honda Hornet It Is Fast Challenge&rdquo; organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an objective of promoting &lsquo;Hornet&rsquo; motorbike. The game was organised from June 15 to July 15 in 50 Futsals inside valley.</p>

<p style="text-align: justify;">According to the organiser, the game was participated by 2039 participants out of whom only 250 participants, 5 each from every futsals were selected for quarter final. Shrestha won the final game that concluded last week. Syakar Trading awarded Shrestha with a cash price of Rs 1, 00,000.</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4021',
			'image' => '20160814122130_honda.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '4187',
			'article_category_id' => '1',
			'title' => 'GTC Showroom in Birgunj',
			'sub_title' => '',
			'summary' => 'August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.',
			'content' => '<p style="text-align: justify;">August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.</p>

<p style="text-align: justify;">According to the GTC Overseas owner Ashok Kumar Lath, the new showroom has been opened focusing on the convenience of the local consumers. &ldquo;We will provide quality and attractive products in affordable prices,&rdquo; he claimed.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4020',
			'image' => '20160814121542_showroom.jpg',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '4186',
			'article_category_id' => '1',
			'title' => 'SEBON Sets FPO Pricing Standard',
			'sub_title' => '',
			'summary' => '​August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of further public offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON',
			'content' => '<p style="text-align:justify">August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of Further Public Offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON has formed a committee in order to make the FPO pricing more manageable, transparent, fair and uniformity as well as to recommend base and procedure of FPO pricing. &nbsp;Based on a report submitted by the committee, SEBON has issued the directive devising a standard for FPO share pricing.</p>

<p style="text-align:justify">According to the directive, the listed companies must follow four procedures including capitalised earnings, net worth per share, average market price of 180 days and discounted cash flow (present value of cash flow to be received in future) while determining value of shares to be issued through FPO. Moreover, the idle FPO price would be the average of the outcomes calculated through these methods. The directive mentioned that the listed companies must submit application for FPO at SEBON within four months of getting an approval from the general meeting.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-14',
			'modified' => '2016-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4019',
			'image' => '20160814113544_sebon.JPG',
			'article_date' => '2016-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '4185',
			'article_category_id' => '1',
			'title' => 'New Savings Scheme of NB Bank ',
			'sub_title' => '',
			'summary' => 'August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the',
			'content' => '<p style="text-align:justify">August 12: Nepal Bangladesh Bank has launched a new scheme &lsquo;NB Gaurav Saving Account&rsquo; targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the bank will provide higher interest rate to the higher minimum balance. Additionally, the bank will not charge any fees on issuance of VISA card, mobile banking and online banking.</p>

<p style="text-align:justify">Meanwhile, the bank informed of earning Rs 1.198 billion net profit in the last FY. The bank is providing its services through 37 branches, 7 branchless banking services and 34 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-12',
			'modified' => '2016-08-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4018',
			'image' => '20160812042047_nb.JPG',
			'article_date' => '2016-08-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '4184',
			'article_category_id' => '1',
			'title' => 'Bhattarai's Candidacy in PCCI',
			'sub_title' => '',
			'summary' => 'August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI)',
			'content' => '<p style="text-align: justify;">August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI) through a press conference held on August 11. Bhattarai has become the first women candidate to apply for Presidency in 6 decades of the organisations&rsquo; establishment. The convention of the organization will be held on 15th August and 17th August.</p>
',
			'published' => true,
			'created' => '2016-08-12',
			'modified' => '2016-08-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4017',
			'image' => '20160812031135_candidate.jpg',
			'article_date' => '2016-08-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '4183',
			'article_category_id' => '1',
			'title' => 'Customs Points to Go Digital',
			'sub_title' => '',
			'summary' => 'August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision w',
			'content' => '<p style="text-align:justify">August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision was made to digitalise the chief customs offices on the very day when Deputy Prime minister Krishna Bahadur Mahara was appointed as the Finance Minister. In the first phase, Mechi Customs Office and Birgunj Dryport will be equipped with the digital system.</p>

<p style="text-align:justify">&nbsp;Organising a seminar on customs management held on Thursday, the Customs Department informed that it will initiate necessary procedures to install digital system in other points across the country within the current fiscal year.&nbsp; &nbsp;</p>

<p style="text-align:justify">The department has plans to place advanced X-ray machines in customs point, installation of modern technology in Tribhuvan International Airport (TIA), implementing strict measures to control smuggling, easing policy and administrative difficulties, enhancing the capacity of staffs of customs offices and strengthening northern border and customs point. The meeting stressed on the problems created due to the traditional customs procedure. As per the demands of the industrialists and entrepreneurs, all the customs point will be working like an international customs point.</p>

<p style="text-align:justify">&quot;Digitalising the customs point can bring transparency and make the procedures easy and efficient,&quot; said Mahara, adding, &quot;The initiative should be taken from all the sectors for economic growth in Nepal.&quot; According to Rajan Khanal who is the Revenue Secretary said that business costs are the basis point of customs improvement. Similarly, Shishir Kumar Dhungana, Director General of the Department mentioned that the department will work on expansion of services based on information technology and start the practice of easy checking and clearance system.</p>

<p style="text-align:justify">Likewise, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) said that the government has to increase inspection to tackle the low billing. &quot;As many obstacles are faced during classification, to prevent the conflicts the government, should do supervision on the matter.&quot; He opined that the people are forced to pay demurrage charge due to untimely checking and clearance.</p>

<p style="text-align:justify">According to the statistics of the department, the Customs Department contributes 45.98 per cent of the total revenue. Among the Value Added Tax (VAT) collected in the country, the share of customs is 61 per cent while 47.9 per cent is raised from excise duties. The department collected Rs 1.94 billion revenue in the FY 2072/73. The collected amount is 94.66 per cent of the target and 10.66 per cent more than FY 2071/72.</p>

<p style="text-align:justify">&nbsp;</p>
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		'Article' => array(
			'id' => '4182',
			'article_category_id' => '1',
			'title' => 'Triveni Bikash Bank Celebrates 12th Anniversary',
			'sub_title' => '',
			'summary' => 'August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its he',
			'content' => '<p style="text-align: justify;">August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its head office located in Thapathali on the occasion of its anniversary on August 11. Lank Bahadur K.C, Chairman of the Triveni Bikash Bank inaugurated the blood donation program where 101 participants donated the blood.</p>

<p style="text-align: justify;">As per the bank, it will be organizing different other social activities on Saturday (August 13) on the occasion of its anniversary. The bank will be organizing different program including inter school art competition, distribution of scholarship, distribution of food materials to human service organization and providing financial supports to different social organizations. Earlier, Triveni Bikash Bank had started its joint operation from May 31, 2016 after the merger with Bright Development Bank and Public Development Bank. Presently, the bank is providing its services through 22 branches, 6 limited banking units and 2 extension counters to its customers.&nbsp;</p>
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